Finance 1 (FNCE10001)

Undergraduate level 1Points: 12.5On Campus (Parkville)

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Overview

Availability
Summer Term
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This subject introduces students to finance and provides them with fundamental principles and institutional knowledge to progress in the discipline. Topics include direct financing and security yields, banking and the money market, the bond and equity markets, offshore finance and foreign exchange, the behaviour of financial variables, interest rate risk management and derivative securities. These topics will be used to illustrate fundamental financial concepts such as risk, return, and present value.

Intended learning outcomes


  • Provide an overview of a `developed' financial system
  • Distinguish between the basic types of financial instruments and their main institutional users and issuers
  • Appreciate basic concepts in finance, including risk, return, arbitrage, primary claims and contingent claims
  • Apply financial mathematical techniques to financial instruments
  • Explain the operation of capital and derivatives markets reflect upon the process of financial innovation

Generic skills

  • High level of development: interpretation and analysis; critical thinking; synthesis of data and other information; accessing data and other information from a range of sources.

  • Moderate level of development: oral communication; written communication; problem solving; statistical reasoning; application of theory to practice; evaluation of data and other information.

  • Some level of development: collaborative learning; team work; use of computer software.

Last updated: 20 March 2025

Eligibility and requirements

Prerequisites

A study score of at least 25 in English (any) or equivalent and Mathematical Methods in VCE Units 3 & 4 or equivalent

OR

Code Name Teaching period Credit Points
MAST10012 Introduction to Mathematics
Summer Term (Online)
Semester 1 (On Campus - Parkville)
 12.5


OR

Entry into the Bachelor of Commerce

OR

Entry into the Bachelor of Science

OR

Entry into the Bachelor of Biomedicine

Corequisites

None

Non-allowed subjects

Students who have completed

Code Name Teaching period Credit Points
FNCE20001 Business Finance
Semester 1 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
 12.5
will not be permitted to enrol in this subject.

Recommended background knowledge

Please refer to Prerequisites and Corequisites.

Inherent requirements (core participation requirements)

The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.

Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home

Last updated: 20 March 2025

Assessment

Additional details

  • Group Assignment, 1500 word research report by a group of 2 to 3 students (requiring 10-15 hours of work per student), due at the end of the second week of teaching in Summer term (after Topic 6) (15%)
  • Tutorial participation throughout the semester (10%)
  • 2-hour end-of-semester examination (75%)

Hurdle requirement: To pass this subject, students must obtain at least 50% in the examination.

Last updated: 20 March 2025

Dates & times

  • Summer Term
    Principal coordinatorDavid Robinson
    Mode of deliveryOn Campus (Parkville)
    Contact hoursTwo hours of lectures and a 1-hour tutorial per week (Sem 1, 2) Summer: 24 hours of lectures and 12 hours of tutorials
    Total time commitment170 hours
    Teaching period 9 January 2017 to 3 February 2017
    Last self-enrol date13 January 2017
    Census date20 January 2017
    Last date to withdraw without fail 3 February 2017
    Assessment period ends17 February 2017

    Summer Term contact information

    Summer: david.robinson@unimelb.edu.au

Time commitment details

170 hours

Last updated: 20 March 2025

Further information

Last updated: 20 March 2025